[UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative - page 227.

YarkoL

legendary

Activity: 996

Merit: 1013

Quote from: hankrules on May 13, 2015, 03:19:32 AM

It seems that it's already implemented? I transferred some coins today and it appeared to complete after one transaction.

It can be implemented in just any coin
by simply altering the number of required confirmations,
but doing so you'll compromise the network security.

This is how the Bitcoin dev guide addresses this issue:

Quote

1 confirmation: The transaction is included in the latest block and double-spend risk decreases dramatically.
Transactions which pay sufficient transaction fees need 10 minutes on average to receive one confirmation.
However, the most recent block gets replaced fairly often by accident, so a double spend is still a real possibility.

How does VNL prevent the recent block being replaced by reorganization without
forking the chain?

hankrules

hero member

Activity: 673

Merit: 500

Quote from: YarkoL on May 13, 2015, 02:47:33 AM

the single confirmation claim
is pretty revolutionary IMO

It seems that it's already implemented? I transferred some coins today and it appeared to complete after one transaction.

YarkoL

legendary

Activity: 996

Merit: 1013

Quote from: Nthused on May 13, 2015, 02:34:01 AM

VanillaCoin uses a consensus system so forks don't happen.

Hm? Is there something preventing a transaction to
be included in different blocks by different miners?

I took another glance at the whitepaper and didn't see
an explanation. Even though the single confirmation claim
is pretty revolutionary IMO

Nthused

legendary

Activity: 1554

Merit: 1001

Quote from: YarkoL on May 13, 2015, 02:31:13 AM

Quote from: traumschiff on May 07, 2015, 01:08:10 PM

John is going to post an explanation soon on how secure single confirmation transactions are possible on VNL. Since VNL's codebase is different to Bitcoins or Peercoins this could be made possible without risking doublespends or any security issue.

Any news on this?

sounds awesome.. but how do you prevent multiple forks?

VanillaCoin uses a consensus system so forks don't happen.

YarkoL

legendary

Activity: 996

Merit: 1013

Quote from: traumschiff on May 07, 2015, 01:08:10 PM

John is going to post an explanation soon on how secure single confirmation transactions are possible on VNL. Since VNL's codebase is different to Bitcoins or Peercoins this could be made possible without risking doublespends or any security issue.

Any news on this?

sounds awesome.. but how do you prevent multiple forks?

maccaspacca

sr. member

Activity: 278

Merit: 258

Twitter: @maccaspacca1

I'm ever the person to do a quick pitch in the Bitcoin Reddit

http://www.reddit.com/r/Bitcoin/comments/35rcs7/only_software_can_stop_bitcoin_and_to_do_that_its/

STEALTHMODE

sr. member

Activity: 329

Merit: 250

No TX Fees #JustRaiBlocks

Quote from: stevemerkle on May 12, 2015, 03:41:15 AM

Quote from: john-connor on May 12, 2015, 01:12:22 AM

Quote from: MemoryShock on May 11, 2015, 10:55:50 PM

I have a question - if VNL is currently operational at single confirmations than why does Polo still require 9? If coins are spendable after a minute or two from sending and an exchange requires an additional amount of time for confirmation than how is the better technology applied? Is this something that will be fixed in the future or is it that exchanges have their own policies which may have an effect on specs?

My expectation is for exchanges to use two confirmations for single confirmation transactions and one confirmation for zero confirmation transactions. Any amount of confirmations greater than this doesn't offer any increase in security. Cool

Thank you for your support.

1 or 0 confirmation transactions would make this whole cryptocurrency thing seem a lot more practical.

I think so too, especially the zero confirmation will be very important, so it can and will be used a lot more for everyday purchases!

luckygenough56

legendary

Activity: 1526

Merit: 1012

Quote from: john-connor on May 12, 2015, 01:12:22 AM

Quote from: MemoryShock on May 11, 2015, 10:55:50 PM

I have a question - if VNL is currently operational at single confirmations than why does Polo still require 9? If coins are spendable after a minute or two from sending and an exchange requires an additional amount of time for confirmation than how is the better technology applied? Is this something that will be fixed in the future or is it that exchanges have their own policies which may have an effect on specs?

My expectation is for exchanges to use two confirmations for single confirmation transactions and one confirmation for zero confirmation transactions. Any amount of confirmations greater than this doesn't offer any increase in security. Cool

Thank you for your support.

Very cool John !

ocminer

legendary

Activity: 2688

Merit: 1240

Quote from: pokeytex on May 12, 2015, 04:38:27 AM

Does anyone happen to know what the hash rate will be on a mojo v3 fpga?

I'm interested too - and I'd love to do some beta testing as I've got several ZTEX boards over

pokeytex

legendary

Activity: 1504

Merit: 1002

Does anyone happen to know what the hash rate will be on a mojo v3 fpga?

stevemerkle

newbie

Activity: 6

Merit: 0

Quote from: john-connor on May 12, 2015, 01:12:22 AM

Quote from: MemoryShock on May 11, 2015, 10:55:50 PM

I have a question - if VNL is currently operational at single confirmations than why does Polo still require 9? If coins are spendable after a minute or two from sending and an exchange requires an additional amount of time for confirmation than how is the better technology applied? Is this something that will be fixed in the future or is it that exchanges have their own policies which may have an effect on specs?

My expectation is for exchanges to use two confirmations for single confirmation transactions and one confirmation for zero confirmation transactions. Any amount of confirmations greater than this doesn't offer any increase in security. Cool

Thank you for your support.

1 or 0 confirmation transactions would make this whole cryptocurrency thing seem a lot more practical.

MemoryShock

hero member

Activity: 728

Merit: 500

Quote from: john-connor on May 12, 2015, 01:12:22 AM

Quote from: MemoryShock on May 11, 2015, 10:55:50 PM

I have a question - if VNL is currently operational at single confirmations than why does Polo still require 9? If coins are spendable after a minute or two from sending and an exchange requires an additional amount of time for confirmation than how is the better technology applied? Is this something that will be fixed in the future or is it that exchanges have their own policies which may have an effect on specs?

My expectation is for exchanges to use two confirmations for single confirmation transactions and one confirmation for zero confirmation transactions. Any amount of confirmations greater than this doesn't offer any increase in security. Cool

Thank you for your support.

Thank you for the reply...

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: MemoryShock on May 11, 2015, 10:55:50 PM

I have a question - if VNL is currently operational at single confirmations than why does Polo still require 9? If coins are spendable after a minute or two from sending and an exchange requires an additional amount of time for confirmation than how is the better technology applied? Is this something that will be fixed in the future or is it that exchanges have their own policies which may have an effect on specs?

My expectation is for exchanges to use two confirmations for single confirmation transactions and one confirmation for zero confirmation transactions. Any amount of confirmations greater than this doesn't offer any increase in security. Cool

Thank you for your support.

MemoryShock

hero member

Activity: 728

Merit: 500

Quote from: pseudonymdude on May 11, 2015, 11:36:30 PM

Quote from: MemoryShock on May 11, 2015, 10:55:50 PM

I have a question - if VNL is currently operational at single confirmations than why does Polo still require 9? If coins are spendable after a minute or two from sending and an exchange requires an additional amount of time for confirmation than how is the better technology applied? Is this something that will be fixed in the future or is it that exchanges have their own policies which may have an effect on specs?

Exchanges will have to understand the technology in order to know how many confirmations are necessary. The Poloniex wallet operator said he would look into it. Give it some time.

I was presuming such; just curious. I'm only playing with a small amount of VNL to get more and it was something that I noticed...

pseudonymdude

legendary

Activity: 896

Merit: 1000

Quote from: MemoryShock on May 11, 2015, 10:55:50 PM

I have a question - if VNL is currently operational at single confirmations than why does Polo still require 9? If coins are spendable after a minute or two from sending and an exchange requires an additional amount of time for confirmation than how is the better technology applied? Is this something that will be fixed in the future or is it that exchanges have their own policies which may have an effect on specs?

Exchanges will have to understand the technology in order to know how many confirmations are necessary. The Poloniex wallet operator said he would look into it. Give it some time.

MemoryShock

hero member

Activity: 728

Merit: 500

I have a question - if VNL is currently operational at single confirmations than why does Polo still require 9? If coins are spendable after a minute or two from sending and an exchange requires an additional amount of time for confirmation than how is the better technology applied? Is this something that will be fixed in the future or is it that exchanges have their own policies which may have an effect on specs?

anhpt192

hero member

Activity: 628

Merit: 500

Quote from: john-connor on May 10, 2015, 07:55:42 PM

Quote from: traumschiff on May 10, 2015, 08:04:38 AM

News 10/05

John posted a guide on how to build an FPGA miner: https://talk.vanillacoin.net/topic/147/making-a-mojov3-fpga-miner [Note that this is a guide for the physical part not the software needed - that will come later]
iOS wallet testing is in it's beta phase now, still waiting confirmation if it's a public or closed beta: https://talk.vanillacoin.net/topic/112/ios/3

iOS beta testing will be done through Apple's TestFlight program https://developer.apple.com/testflight/.

Thank you for your support.

great Jonh!
btw, have you tested hash for a MojoV3?

john-connor

sr. member

Activity: 596

Merit: 251

Quote from: traumschiff on May 10, 2015, 08:04:38 AM

News 10/05

John posted a guide on how to build an FPGA miner: https://talk.vanillacoin.net/topic/147/making-a-mojov3-fpga-miner [Note that this is a guide for the physical part not the software needed - that will come later]
iOS wallet testing is in it's beta phase now, still waiting confirmation if it's a public or closed beta: https://talk.vanillacoin.net/topic/112/ios/3

iOS beta testing will be done through Apple's TestFlight program https://developer.apple.com/testflight/.

Thank you for your support.

d0om

full member

Activity: 171

Merit: 100

Quote from: traumschiff on May 10, 2015, 08:04:38 AM

News 10/05

John posted a guide on how to build an FPGA miner: https://talk.vanillacoin.net/topic/147/making-a-mojov3-fpga-miner [Note that this is a guide for the physical part not the software needed - that will come later]
iOS wallet testing is in it's beta phase now, still waiting confirmation if it's a public or closed beta: https://talk.vanillacoin.net/topic/112/ios/3

Nice! When does the dreamboat arrive at destination? Cheesy

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: Erkallys on May 10, 2015, 08:19:41 AM

The PoW Will stop Huh

?

Please see the first section labeled "Notice" in the OP.

Topic: [UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative - page 227. (Read 433405 times)